Cogient Corp.

Cogient Corp.

December 08, 2006 12:20 ET

Cogient Corp. Announces Appointment of Receiver

TORONTO, ONTARIO--(CCNMatthews - Dec. 8, 2006) -

Not for dissemination in the United States of America.

Cogient Corp. announces that the Trustee Corporation, as trustee for the debenture holders under a trust indenture dated December 24, 2002, has made application for a court appointed receiver to realize upon the security granted under the trust deed. The Superior Court of Justice has granted the order and Grant Thornton Limited has been appointed interim receiver over all the assets of Cogient for the purpose of satisfying the outstanding debts owing to the debenture holders.

This news release contains projections and other forward-looking statements regarding future events. Such statements are predictions, which involve known and unknown risks, uncertainties and other factors, which may cause the actual events or results to differ materially. The reader is referred to the documents that the company files from time to time with applicable Canadian securities and regulatory authorities.

Issued and Outstanding: 159,607,314

Contact Information

  • Cogient Corp
    Elia Crespo
    (416) 867-9087